Economics

In the News

Global Economic Crisis: Calls for debt relief for the poorest countries

8th April 2020

There are growing calls for debt relief for the world's poorest nations in the wake of the coronavirus outbreak.

Both Oxfam and Action Aid International want this year's debt repayments to be waived, potentially freeing up £25 billion to help tackle the crisis.

We might think that we've got it bad. However, in countries without universal healthcare, I suspect that the consequences will be many, many times worse.

Oxfam calls for nearly $160bn (£128bn) in immediate debt relief and aid to help fund the fight against Covid-19 https://t.co/AhxieCEpAT pic.twitter.com/mwh155OFIG
— BBC News (World) (@BBCWorld) March 30, 2020

Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to Tutor2U, reads voraciously and is interested in all aspects of Teaching and Learning.